Feldman set the record straight: "They went out of business for reasons totally unrelated to ETFs. There was an inability to raise capital. They had a very good business model, but they never built or managed ETFs."
Meanwhile, State Street Global Advisors filed with the Securities and Exchange Commission (SEC) to launch a series of actively managed target-date ETFs, reports Stacy Schultz for On Wall Street. They’re going to be a "fund of funds" and hold other ETFs, according to Matthew Hougan for Index Universe.
The XShares line consists of ETFs of stocks and bonds – analogous but different products, Feldman says.